iShares MSCI United Kingdom ETF (NYSEARCA:EWU) Reaches New 12-Month High – Here’s What Happened

iShares MSCI United Kingdom ETF (NYSEARCA:EWU) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $47.52 and last traded at $47.4850, with a volume of 1399770 shares changing hands. The stock had previously closed at $47.25.

iShares MSCI United Kingdom ETF Price Performance

The company has a market cap of $3.08 billion, a PE ratio of 15.42 and a beta of 0.71. The company’s 50 day simple moving average is $45.30 and its two-hundred day simple moving average is $43.20.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EWU. Invesco Ltd. grew its position in iShares MSCI United Kingdom ETF by 30.1% during the 4th quarter. Invesco Ltd. now owns 26,064 shares of the company’s stock worth $1,146,000 after purchasing an additional 6,030 shares during the last quarter. Corient Private Wealth LLC raised its stake in shares of iShares MSCI United Kingdom ETF by 29.3% during the fourth quarter. Corient Private Wealth LLC now owns 60,054 shares of the company’s stock worth $2,641,000 after purchasing an additional 13,614 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in iShares MSCI United Kingdom ETF in the 4th quarter valued at $286,000. Onyx Bridge Wealth Group LLC increased its stake in iShares MSCI United Kingdom ETF by 108.4% in the 4th quarter. Onyx Bridge Wealth Group LLC now owns 61,602 shares of the company’s stock valued at $2,709,000 after buying an additional 32,043 shares during the period. Finally, Beacon Pointe Advisors LLC purchased a new position in iShares MSCI United Kingdom ETF during the 4th quarter worth $475,000. Institutional investors and hedge funds own 58.38% of the company’s stock.

iShares MSCI United Kingdom ETF Company Profile

The iShares MSCI United Kingdom ETF (EWU) is an exchange-traded fund that is based on the MSCI United Kingdom index. The fund tracks a market cap-weighted index of British companies. It covers the top 85% of British companies by market cap. EWU was launched on Mar 12, 1996 and is managed by BlackRock.